BREAKING: US Crude inventories well above expectations

3:35 PM 28 October 2020

Crude inventories in the US rose by 4.32 million barrels in the week ended October 23rd, following an 1.001 million decline in the previous week and compared with analysts’ estimates of a 1.23 million increase, according to the EIA Petroleum Status Report.

Cushing Crude Oil inventories dropped 0.422 million barrels, following a 0.975 million barrels increase from last week.

Gasoline inventories decreased to 0.892 million barrels, following a 1.895 million increase in the prior period and below analysts’ expectations of 0.961 million barrels decline.


The publication of today's report did not have a significant impact on the oil prices. WTI Oil (OIL.WTI) continues to trade around the $37,30 level. Source: xStation5

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits